Acura seems to be carrying the weight of the bad news, with its RWD 7-series rival, originally due out in 2015, cancelled indefinitely, along with development of a V8 engine that would allow the brand to compete with the best and brightest from Germany. The Euro-market Legend could also be on the block and there's a chance that Honda will stop developing two separate Accord models for sale in the U.S. and abroad, instead opting for one mid-size sedan to be sold worldwide.
Unfortunately, the development cease-fire also extends to Honda's smaller offerings. Honda planned to release a drop-top version of its CR-Z after the hybrid goes on sale next year, but that model has been nixed. Even more disturbingly, 2009 will be the last year of production for the S2000, with no heir apparent waiting in the wings.
We're hoping to get more details on the cut-backs as the week progresses, but needless to say, there's more than enough disappointment to go around.